CORRECTED-BUZZ-Commvault rises after lifting annual revenue forecast

Reuters
01-28
CORRECTED-BUZZ-Commvault rises after lifting annual revenue forecast

Corrects third bullet to say fiscal Q3 from Q4

** Cybersecurity company Commvault Systems' CVLT.O shares rise 5.5% to $167 premarket

** Company raises annual revenue forecast to between $980 million and $985 million from previous range of $952 million to $957 million

** Revenue for fiscal Q3 grew ~21% driven by subscription and perpetual license segment growth

** Posts Q3 revenue of $262.6 million, above estimates of $245.6 million and adjusted EPS of 94 cents, above expectations of 87 cents - data compiled by LSEG

** Also expects Q4 revenue between $260 million and $264 million, above estimates of $251.3 million

** CVLT rose 89% in 2024

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com;))

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